BAM - Experts Weigh In: 3 Renewable Energy Stocks to Buy Instead of Oil Stocks
Oil stocks have grown in popularity among some investors as crude prices have crashed and taken the industry's market caps down with them. Much of the investor interest is based on the theory that what goes down must go back up. While it's tempting to speculate on an oil price rebound, the sector also has major structural issues to address, which could drag on returns over the long-term.
Among oil's many problems is that renewable energy will be a major disruptive force in the broader energy sector in the coming decades. Because of that, long-term investors would be better served to consider buying a renewable energy company instead of one focused on oil. Three of our favorite options are Clearway Energy (NYSE: CWEN.A)(NYSE: CWEN), Brookfield Renewable Partners (NYSE: BEP), and First Solar (NASDAQ: FSLR).
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